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Leases
6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Leases Leases
We lease office space and certain equipment under various operating leases, with most of our lease portfolio consisting of operating leases for office space. Our leases have remaining lease terms of approximately 1 year to 10 years, which may include the option to extend the lease when it is reasonably certain we will exercise that option. We do not have lease agreements with residual value guarantees, sale leaseback terms, or material restrictive covenants.

The following table presents the components of lease cost:
Three months ended June 30,Six months ended June 30,
(in millions)2026202520262025
Operating lease cost$13.0 $11.2 $25.1 $22.2 
Variable lease cost$4.9 $5.0 $8.8 $7.8 

The following table presents other information related to operating leases:
Three months ended June 30,Six months ended June 30,
(in millions)2026202520262025
Cash paid for amounts included in the measurement for operating lease liabilities $12.7 $11.4 $25.0 $20.8 
Right of use assets obtained in exchange for operating lease liability$8.3 $0.8 $26.9 $0.8 

The following table shows our minimum future lease commitments due in the remainder of 2026, each of the next four subsequent years, and thereafter, for operating leases:

(in millions)As of June 30, 2026
Remainder of 2026 (July 1 through December 31)$25.5 
202745.8 
202838.9 
202927.7 
203021.2 
Thereafter63.6 
Total minimum lease commitments222.7 
Adjustment for discount to present value31.2 
Present value of lease liabilities
$191.5 

The following table summarizes the weighted-average remaining lease terms and weighted-average discount rates for our operating leases:
As of June 30, 2026
Weighted-average remaining lease term (in years)5.8
Weighted-average discount rate4.8 %